Economic inequality

Planning (Affordable Housing and Land Compensation)

Retrieved on: 
Thursday, February 28, 2019
Affordable housing, Economic inequality, Real estate, Academic disciplines, Articles, Structure

A Bill to define affordable housing in relation to household incomes; to amend the law relating to land valuation and compensation; and for connected purposes.

Key Points: 

A Bill to define affordable housing in relation to household incomes; to amend the law relating to land valuation and compensation; and for connected purposes.

LendingTree Compares Renting and Owning a Home in the 50 Largest Metropolitan Areas in the U.S.

Retrieved on: 
Wednesday, February 27, 2019
Mortgage, Loans, Economy, Mortgage loan, Money, Finance, Economic inequality, Real estate bubble, Causes of the United States housing bubble

To take a closer look at how the cost of renting a home differs from the price of owning one, LendingTree compared monthly rental and monthly mortgage payments for homes in the 50 largest metropolitan areas in the United States.

Key Points: 
  • To take a closer look at how the cost of renting a home differs from the price of owning one, LendingTree compared monthly rental and monthly mortgage payments for homes in the 50 largest metropolitan areas in the United States.
  • In these areas, median rent costs are an average of $310 cheaper than median mortgage costs.
  • Median mortgage payments are an average of $215 cheaper than median rent payments in these metros.
  • Difference between median monthly rent and median monthly mortgage payment: -$329
    Difference between median monthly rent and median monthly mortgage payment: -$301
    Difference between median monthly rent and median monthly mortgage payment: -$300
    Difference between median monthly mortgage and median monthly rent payment: $262
    Difference between median monthly mortgage and median monthly rent payment: $227
    Difference between median monthly mortgage and median monthly rent payment: $155
    To view the full report, visit https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-hom... .

Texas housing market breaks record for home sales, median price in 2018

Retrieved on: 
Friday, February 22, 2019
Economy, Real estate, Economic inequality, National Association of Realtors, Regional science, Austin, Texas, Real estate broker, Affordable housing, Culture

AUSTIN, Texas, Feb. 22, 2019 /PRNewswire/ --For the fourth consecutive year, the Texas housing market continued to break records in home sales and median price, according to the 2018 Texas Real Estate Year in Review report released today by Texas Realtors.

Key Points: 
  • AUSTIN, Texas, Feb. 22, 2019 /PRNewswire/ --For the fourth consecutive year, the Texas housing market continued to break records in home sales and median price, according to the 2018 Texas Real Estate Year in Review report released today by Texas Realtors.
  • "The unprecedented real estate market activity in Texas in 2018 is a testament to the state's business-friendly atmosphere and strong economy," said Tray Bates, 2019 chairman of Texas Realtors.
  • Due to high demand for housing in most areas of Texas, our inventory levels are critically low, and housing affordability remains a challenge.
  • With more than 114,000 members, Texas REALTORS is a professional membership organization that represents all aspects of real estate in Texas.

Quantitative easing did not increase inequality in the euro area

Retrieved on: 
Wednesday, January 30, 2019
Economy, Money, Monetary policy, Distribution of wealth, Inflation, Quantitative easing, Social inequality, Economic inequality, Wealth

Quantitative easing in the euro area through the ECBs asset purchase programme (APP) has stimulated economic activity and asset prices, affecting income and wealth inequality among households.

Key Points: 
  • Quantitative easing in the euro area through the ECBs asset purchase programme (APP) has stimulated economic activity and asset prices, affecting income and wealth inequality among households.
  • Quantitative easing has also helped to reduce net wealth inequality slightly through its positive impact on house prices.
  • This article summarises a recent working paper that examines how the Eurosystems quantitative easing has affected wealth and income inequality.

References

55places Names the Most Affordable Places to Retire in 2019

Retrieved on: 
Monday, January 28, 2019
Affordable housing, Regional science, Economic inequality, Real estate, HOME Investment Partnerships Program, Economic geography, Housing

"This information tells us 77 percent of active adults need their next home to be affordable," said Danny Goodman, COO and co-founder of 55places.com.

Key Points: 
  • "This information tells us 77 percent of active adults need their next home to be affordable," said Danny Goodman, COO and co-founder of 55places.com.
  • To learn more about the most affordable places to retire, visit 55places.com .
  • 55places is the number one resource for active adult communities in the United States.
  • 55places and its team of real estate agents are licensed experts equipped to help prospective residents find an ideal home in their dream community.

Single Women, 45-65, are Aging Into Poverty as Wealth Gap Persists Throughout Lifetime Regardless of Education

Retrieved on: 
Thursday, November 29, 2018
Distribution of wealth, Economy, Feminist economics, Wealth, Economic inequality, Gender pay gap, Structure, Culture

The report, On Shaky Ground: Stabilizing the Financial Security of Single Women , is the first in a series that builds off AFN's 2015 publication, Women & Wealth , that explores how the gender wealth gap impacts women.

Key Points: 
  • The report, On Shaky Ground: Stabilizing the Financial Security of Single Women , is the first in a series that builds off AFN's 2015 publication, Women & Wealth , that explores how the gender wealth gap impacts women.
  • On Shaky Ground illustrates how the women's wealth gap is exacerbated by the racial wealth gap and explores the causes, which go far beyond the pay gap.
  • This new report speaks to how the wealth gap is impacting current generations and threatening the financial security of future generations.
  • On Shaky Ground identifies six problem drivers that contribute to the growing wealth gaps for single women.

Liberals Must Step Back from Job-Killing CPTPP: Steelworkers

Retrieved on: 
Tuesday, September 18, 2018
Social inequality, Distribution of wealth, Economic globalization, Economic inequality, Libertarian theory, Occupy Wall Street, Structure, Culture, Politics

"If the CPTPP is implemented, Canadians will lose middle-class livelihoods in our auto, steel, skilled trades and supply-management sectors," Neumann said.

Key Points: 
  • "If the CPTPP is implemented, Canadians will lose middle-class livelihoods in our auto, steel, skilled trades and supply-management sectors," Neumann said.
  • Canadians will have no recourse to oppose such challenges, which are heard in unaccountable, secret tribunals headed by international trade lawyers," he said.
  • The Liberal government must step back from this potentially devastating agreement," he added.
  • A study by researchers from Tufts University in the U.S. concluded the deal would cost Canada 58,000 jobs and increase income inequality.

Cornerstone Capital Group Publishes New Report on Investing to Advance Racial Equity

Retrieved on: 
Wednesday, September 12, 2018
Economy, Social inequality, Distribution of wealth, Economic inequality in the United States, Economic globalization, Economic inequality, Occupy Wall Street, Inequality, Erika Karp, Environmental, social and corporate governance

NEW YORK, Sept.12, 2018 /PRNewswire/ --Cornerstone Capital Group, a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social and governance (ESG) analysis into portfolio design, today announced the release of a new research report, " Investing to Advance Racial Equity ."

Key Points: 
  • NEW YORK, Sept.12, 2018 /PRNewswire/ --Cornerstone Capital Group, a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social and governance (ESG) analysis into portfolio design, today announced the release of a new research report, " Investing to Advance Racial Equity ."
  • The report assesses how investors can contribute to solutions for three of the main current components of wealth inequality: income inequality, home ownership and affordable housing, and access to capital.
  • In the report, Cornerstone Capital Group evaluated how investments can help break the cycle of racial and ethnic wealth inequality.
  • Cornerstone Capital Group is a financial services firm based in New York.

Glassdoor 3rd Annual Pay Audit Reveals No Gender Pay Gap Among Company's Own Employees

Retrieved on: 
Wednesday, July 18, 2018
Feminism, Economy, Gender, Economic inequality, Income distribution, Gender pay gap, Feminist economics, Equal pay for equal work, Glassdoor, Gender gap, Gender role, Gender pay gap in the United States

The audit revealed that there is no statistically significant gender pay gap among 600 members of its U.S.-based workforce when comparing men and women employees with similar roles, levels of experience, demographics and more1.

Key Points: 
  • The audit revealed that there is no statistically significant gender pay gap among 600 members of its U.S.-based workforce when comparing men and women employees with similar roles, levels of experience, demographics and more1.
  • The average total, or "unadjusted", pay gap (including base pay and bonus pay) for Glassdoor's workforce amounts to approximately 23 percent, or $28,572 per year.
  • According to the analysis, women earn $111,201 total pay on average, while men earn $139,773 total pay on average (as illustrated below).
  • A Glassdoor Economic Research study, Demystifying the Gender Gap , revealed a significant gender pay gap exists in the United States.

LendingTree Study: Where Home Price Inequality is Highest

Retrieved on: 
Tuesday, July 17, 2018
Economy, Income inequality metrics, Economic inequality, Welfare economics, Gini coefficient, Social inequality, LendingTree, Economic inequality in the United States

CHARLOTTE, N.C., July 17, 2018 /PRNewswire/ -- LendingTree , the nation's leading online loan marketplace, today released a study on where home price inequality is highest.

Key Points: 
  • CHARLOTTE, N.C., July 17, 2018 /PRNewswire/ -- LendingTree , the nation's leading online loan marketplace, today released a study on where home price inequality is highest.
  • LendingTree analyzed homes in the 50 largest metro areas to determine the GINI coefficient of home values in each metro to measure home price inequality in each market.
  • "Inequality is the defining economic debate of our times," said Tendayi Kapfidze, Chief Economist and report author.
  • Detroit, Birmingham, Ala. and Indianapolis have the highest home price inequality in the nation, with a level of inequality twice that of the most equal markets.